12,962 Shares in Weyerhaeuser (NYSE:WY) Acquired by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in Weyerhaeuser (NYSE:WY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 12,962 shares of the real estate investment trust's stock, valued at approximately $365,000.

Other hedge funds have also recently modified their holdings of the company. CWM LLC increased its position in shares of Weyerhaeuser by 2.2% during the third quarter. CWM LLC now owns 17,185 shares of the real estate investment trust's stock valued at $582,000 after buying an additional 368 shares during the period. Exchange Traded Concepts LLC purchased a new position in shares of Weyerhaeuser during the third quarter valued at about $233,000. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Weyerhaeuser by 4,884.2% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 947 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 928 shares during the period. Creative Planning increased its position in shares of Weyerhaeuser by 22.4% during the third quarter. Creative Planning now owns 74,099 shares of the real estate investment trust's stock valued at $2,509,000 after buying an additional 13,572 shares during the period. Finally, Asset Dedication LLC increased its position in shares of Weyerhaeuser by 173.4% during the third quarter. Asset Dedication LLC now owns 1,766 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 1,120 shares during the period. Hedge funds and other institutional investors own 82.99% of the company's stock.

Weyerhaeuser Stock Down 0.3 %

Shares of NYSE:WY traded down $0.10 during trading on Friday, reaching $29.60. 2,638,712 shares of the stock traded hands, compared to its average volume of 3,637,051. The stock has a 50-day moving average of $29.37 and a two-hundred day moving average of $30.88. Weyerhaeuser has a 52-week low of $26.73 and a 52-week high of $36.27. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.17 and a current ratio of 1.79. The stock has a market cap of $21.51 billion, a P/E ratio of 53.82, a price-to-earnings-growth ratio of 4.69 and a beta of 1.42.

Weyerhaeuser (NYSE:WY - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The real estate investment trust reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. As a group, sell-side analysts expect that Weyerhaeuser will post 0.8 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Friday, March 7th will be issued a dividend of $0.21 per share. This is a boost from Weyerhaeuser's previous quarterly dividend of $0.20. The ex-dividend date is Friday, March 7th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.84%. Weyerhaeuser's dividend payout ratio is presently 152.73%.

Analyst Ratings Changes

Several equities analysts recently issued reports on WY shares. Royal Bank of Canada reiterated an "outperform" rating and set a $36.00 price target on shares of Weyerhaeuser in a research report on Monday, February 3rd. Truist Financial decreased their target price on shares of Weyerhaeuser from $34.00 to $33.00 and set a "hold" rating for the company in a research note on Monday, January 6th. StockNews.com raised shares of Weyerhaeuser from a "sell" rating to a "hold" rating in a research note on Thursday, February 6th. CIBC raised shares of Weyerhaeuser from a "neutral" rating to an "outperformer" rating and set a $35.00 target price for the company in a research note on Wednesday, January 15th. Finally, BMO Capital Markets raised shares of Weyerhaeuser from a "market perform" rating to an "outperform" rating and set a $38.00 target price for the company in a research note on Friday, December 6th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $35.00.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.